Atlantica Sustainable Infrastructure (NASDAQ:AY) Shares Unloaded Sen. Thomas R. Carper

Senator Thomas R. Carper (D-Delaware) recently sold shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY). In a filing disclosed on January 02nd, the Senator disclosed that they had sold between $1,001 and $15,000 in Atlantica Sustainable Infrastructure stock on December 13th.

Atlantica Sustainable Infrastructure Stock Performance

NASDAQ:AY opened at $21.99 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 3.36. The firm’s fifty day simple moving average is $22.04 and its 200 day simple moving average is $22.02. The stock has a market cap of $2.55 billion, a P/E ratio of 75.83, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. Atlantica Sustainable Infrastructure plc has a twelve month low of $16.82 and a twelve month high of $23.47.

Atlantica Sustainable Infrastructure Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 29th were issued a dividend of $0.2225 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.05%. Atlantica Sustainable Infrastructure’s dividend payout ratio is presently 306.91%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure in a research note on Wednesday. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Atlantica Sustainable Infrastructure has an average rating of “Hold” and a consensus price target of $22.20.

Institutional Trading of Atlantica Sustainable Infrastructure

A number of hedge funds and other institutional investors have recently modified their holdings of AY. Water Island Capital LLC purchased a new position in Atlantica Sustainable Infrastructure during the second quarter valued at $13,438,000. Alpine Associates Management Inc. increased its holdings in shares of Atlantica Sustainable Infrastructure by 54.0% during the third quarter. Alpine Associates Management Inc. now owns 1,662,509 shares of the utilities provider’s stock valued at $36,542,000 after acquiring an additional 582,821 shares in the last quarter. Trium Capital LLP purchased a new position in shares of Atlantica Sustainable Infrastructure in the 2nd quarter worth about $2,010,000. Melqart Asset Management UK Ltd boosted its stake in Atlantica Sustainable Infrastructure by 4.2% in the 3rd quarter. Melqart Asset Management UK Ltd now owns 1,337,755 shares of the utilities provider’s stock worth $29,404,000 after purchasing an additional 53,680 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Atlantica Sustainable Infrastructure during the 3rd quarter valued at about $1,356,000. 40.53% of the stock is owned by hedge funds and other institutional investors.

About Senator Carper

Tom Carper (Democratic Party) is a member of the U.S. Senate from Delaware. He assumed office on January 3, 2001. His current term ends on January 3, 2025. Carper (Democratic Party) ran for re-election to the U.S. Senate to represent Delaware. He won in the general election on November 6, 2018. In the 2000 election Carper defeated incumbent William V. Roth Jr. (R), who had first been elected in 1970. Carper was re-elected in 2006, 2012, and 2018. Before being elected to the Senate, Carper served as the governor of Delaware from 1992 to 2000, a member of the U.S. House from 1982 to 1992, and the treasurer of Delaware from 1976 to 1982. As of a 2014 analysis of multiple outside rankings, Carper is an average Democratic member of Congress, meaning he will vote with the Democratic Party on the majority of bills. Carper served as chairman of the Senate Committee on Homeland Security and Governmental Affairs from 2013 to 2014 and was the committee’s ranking member from 2015 to 2016. In 2017, he became the ranking member on the Senate Committee on Environment and Public Works. Carper was born in Beckley, West Virginia. He grew up in Danville, Virginia, and graduated from Whetstone High School in Columbus, Ohio. Carper attended The Ohio State University on a Navy R.O.T.C. scholarship, graduating in 1968 with a B.A. in economics.

Atlantica Sustainable Infrastructure Company Profile

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.